2022-07-012023-06-302023-06-30false00400907DEREK STORES 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DEREK STORES LIMITED

Registered Number
00400907
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

DEREK STORES LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

PAUL, Janet
PAUL, Nicholas Anthony
TURNER, Mark Robert

Company Secretary

PAUL, Nicholas Anthony

Registered Address

1 Gemini Court
42a Throwley Way,
Sutton
SM1 4AF

Registered Number

00400907 (England and Wales)
DEREK STORES LIMITED
Statement of Financial Position
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property3275,000250,210
275,000250,210
Current assets
Debtors2,5992,313
Cash at bank and on hand155,931147,320
158,530149,633
Creditors amounts falling due within one year5(18,977)(18,656)
Net current assets (liabilities)139,553130,977
Total assets less current liabilities414,553381,187
Net assets414,553381,187
Capital and reserves
Called up share capital4,0004,000
Revaluation reserve34,79010,000
Other reserves1,0001,000
Profit and loss account374,763366,187
Shareholders' funds6414,553381,187
The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2024, and are signed on its behalf by:
PAUL, Nicholas Anthony
Director
Registered Company No. 00400907
DEREK STORES LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or dividend arising from changes in fair value is recognised in profit or loss.
2.Average number of employees

20232022
Average number of employees during the year33
3.Investment property
The directors are of the opinion that the current market value of the investment property is reflected by the balance sheet & therefore a restatement is not necessary. Fair value at 30 June 23 is represented by: Cost £240,210 Valuation in 2021 £250,210

£
Fair value at 01 July 22250,210
Fair value adjustments24,790
At 30 June 23275,000
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables1,7691,570
Other debtors830743
Total2,5992,313
5.Creditors: amounts due within one year

2023

2022

££
Taxation and social security2,1102,191
Other creditors16,86716,465
Total18,97718,656
6.Fair value reserve

£
Fair value reserve at 01 July 2210,000
Transferred in period24,790
At 30 June 2334,790